With 2.93 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.43 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $320.98 whereas the lowest price it dropped to was $313.55. The 52-week range on ETN shows that it touched its highest point at $345.19 and its lowest point at $191.82 during that stretch. It currently has a 1-year price target of $350.06. With its current market cap of 125.26 billion, ETN has annualized dividend of $3.68 while the current yield stands at 1.17%. Beta for the stock currently stands at 1.01.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ETN was up-trending over the past week, with a rise of 5.89%, but this was up by 5.92% over a month. Three-month performance dropped to -3.95% while six-month performance rose 3.86%. The stock gained 43.58% in the past year, while it has gained 30.66% so far this year. A look at the trailing 12-month EPS for ETN yields 9.09 with Next year EPS estimates of 12.02. For the next quarter, that number is 2.80. This implies an EPS growth rate of 17.54% for this year and 12.17% for next year. EPS is expected to grow by 15.17% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.32%.
Float and Shares Shorts:
At present, 399.40 million ETN shares are outstanding with a float of 397.14 million shares on hand for trading. On 2024-08-30, short shares totaled 5.14 million, which was 128.999995 higher than short shares on 1722384000. In addition to Mr. Craig Arnold as the firm’s Chairman & CEO, Mr. Paulo Ruiz Sternadt serves as its President, COO & Director.
Institutional Ownership:
Through their ownership of 0.86193 of ETN’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, ETN reported revenue of $6350000000.0 and operating income of $1193000000.0. The EBITDA in the recently reported quarter was $1451000000.0 and diluted EPS was $2.48.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ETN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
